The Big Picture
NOVEMBER 17, 2022
. There is a new 60/40 in town, and it is the contribution to inflation from consumer demand for goods and the pandemic-broken supply chain. That is according to a study by Julian di Giovanni, who publishes at the NY Fed’s blog Liberty Street Economics. Over the summer, he posed a fascinating question: How Much Did Supply Constraints Boost U.S. Inflation?
Calculated Risk
NOVEMBER 17, 2022
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Nov 12, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, increasing 45% above one year ago.
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Wealth Management
NOVEMBER 17, 2022
RV parks have grown in popularity with consumers during the pandemic. Investors have noticed the trend.
Calculated Risk
NOVEMBER 17, 2022
The DOL reported : In the week ending November 12, the advance figure for seasonally adjusted initial claims was 222,000 , a decrease of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 225,000 to 226,000. The 4-week moving average was 221,000, an increase of 2,000 from the previous week's revised average.
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Wealth Management
NOVEMBER 17, 2022
They do the work to strengthen their interpersonal skills.
Calculated Risk
NOVEMBER 17, 2022
Today, in the CalculatedRisk Real Estate Newsletter: October Housing Starts: Record Number of Housing Units Under Construction Excerpt: The fourth graph shows housing starts under construction, Seasonally Adjusted (SA). Red is single family units. Currently there are 794 thousand single family units (red) under construction (SA). This is below the previous six months, and 36 thousand below the recent peak in April and May.
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Mish Talk
NOVEMBER 17, 2022
Strong Recession Signal Since 1990, the spread between 30-month T-Bills and the 10-year Treasury Note was only more inverted ahead of the 2001 recession. Since 1990, the spread between 30-month T-Bills and the 30-year long bond has only been more inverted a couple of times. This is a very strong recession signal. Reducing Inflation Without a Recession Might Not Be Feasible I's unusual for the Fed to be this candid but Kansas City Fed President Esther George says Reducing Inflation Without a Rece
Wealth Management
NOVEMBER 17, 2022
In its 12th acquisition this year, WEG adds a ninth office in Northern California.
Nerd's Eye View
NOVEMBER 17, 2022
For many financial advisors, improving business development strategies can be a challenging task to address. With the myriad tools available to advisors that help them analyze the potential outcomes of their ideas and strategies, collecting the data to do so has become easier than ever. At the same time, though, over-analyzing strategies prior to implementing them can create a substantial gap between ideating a plan and actually putting it into motion.
Wealth Management
NOVEMBER 17, 2022
National Mortgage News looks at what 2023 might bring in the world of real estate investment financing. Bisnow looks at the challenges diversity officers face when it comes to CRE firms. These are among today’s must reads from around the commercial real estate industry.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Calculated Risk
NOVEMBER 17, 2022
From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately?owned housing starts in October were at a seasonally adjusted annual rate of 1,425,000. This is 4.2 percent below the revised September estimate of 1,488,000 and is 8.8 percent below the October 2021 rate of 1,563,000. Single?family housing starts in October were at a rate of 855,000; this is 6.1 percent below the revised September figure of 911,000.
Wealth Management
NOVEMBER 17, 2022
Get smart about engaging with the next set of retirees.
Mish Talk
NOVEMBER 17, 2022
Seasonally-adjusted, annualized (SAAR) housing data from commerce department, chart by Mish. The Commerce Department's New Residential Construction Report shows housing starts and permits drifting lower. Building Permits Privately?owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,526,000. This is 2.4 percent below the revised September rate of 1,564,000 and is 10.1 percent below the October 2021 rate of 1,698,000.
Wealth Management
NOVEMBER 17, 2022
The principal of Advisor Growth Strategies details the keys to attracting, developing and retaining top talent in the RIA industry.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Calculated Risk
NOVEMBER 17, 2022
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, Existing Home Sales for October from the National Association of Realtors (NAR). The consensus is for 4.39 million SAAR, down from 4.71 million in September.
Wealth Management
NOVEMBER 17, 2022
Dave Hagen, chief commercial officer of BridgeFT, explains how technology can make better data more easily available.
A Wealth of Common Sense
NOVEMBER 17, 2022
A reader asks: I’ve been minimally invested in bonds as a long-term investor but if I can get 5% or more interest, I’d love to allocate funds and lock that in for as long as possible. I’m looking at corporate investment grade new issues and they largely seem to be callable in a year. While I would be happy if rates came down and I got my principal back in a year, I’d also be happy holding them if they are not call.
Wealth Management
NOVEMBER 17, 2022
Residential starts decreased 4.2% last month to a 1.43 million annualized rate after an upward revision to the prior month, according to government data released Thursday. Single-family homebuilding dropped to an annualized 855,000 rate, the lowest since May 2020.
Speaker: Erroll Amacker
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
Abnormal Returns
NOVEMBER 17, 2022
Book stores Jason Guriel, "The [book] shop’s most valuable contribution is its calm, authoritative curation." (longreads.com) How opening a book store made Ryan Holiday a better writer. (ryanholiday.net) Science Science PhDs increasingly head to industry instead of academia. (statnews.com) It's going to hard to avoid using GMOs as climate, and temperatures, change.
Wealth Management
NOVEMBER 17, 2022
Money managers for the ultra-wealthy plan to increase their allocation to private equity in 2023, according to a new survey.
Abnormal Returns
NOVEMBER 17, 2022
Markets The U.S. Treasury yield curve is firmly inverted. (axios.com) Average mortgage rates dropped nearly 50bp last week. (cnn.com) The magazine cover indicator: the U.S. dollar edition. (allstarcharts.com) Lessons Three lessons from the collapse of FTX including 'putting your emotions in check.' (pragcap.com) Betting on unknown quantities is the nature of venture capital.
Wealth Management
NOVEMBER 17, 2022
Steward Partners CEO and founding partner Jim Gold revisits the series to discuss the firm's evolution and growth, plus being the first to sign-on to the Goldman Sachs custodial platform, and more.
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The Reformed Broker
NOVEMBER 17, 2022
Today my firm Ritholtz Wealth Management announced the hiring of our friend and colleague Jay Tini for the newly created role of President. Jay will be slotting in with our executive team starting January 1st and I couldn’t be more excited. Jay has been a friend of the firm for over a decade and we’ve worked closely with him during his tenure at Vanguard where he’s been in a leadership role overseeing a.
Wealth Management
NOVEMBER 17, 2022
Sean Brown, head coach at YCharts, discusses how he assists advisors in making better business decisions and communicating more effectively.
The Reformed Broker
NOVEMBER 17, 2022
Final Trades: GM, CVS, Nextera & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Wealth Management
NOVEMBER 17, 2022
Franklin Tsung, growth advisor at AppCrown, shares how independent technological solutions can bring advisors’ cultures to customers.
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Darrow Wealth Management
NOVEMBER 17, 2022
Taxachusetts is back. In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. Starting in 2023, a 4% surtax will be applied to taxable income and capital gains over $1M. Currently, Massachusetts taxes ordinary income and long-term capital gains at a flat 5% rate whereas short-term capital gains are taxed at 12%.
Wealth Management
NOVEMBER 17, 2022
Collateralized loan obligations rated AAA have seen their average prices rise to 97.6 cents on the dollar, compared with about 97 cents toward the end of last month. That’s close to the lowest on record since the financial crisis, excluding the darkest point in the pandemic.
NAIFA Advisor Today
NOVEMBER 17, 2022
NAIFA President Lawrence Holzberg , LACP, LUTCF, is pleased to announce that Adam Sachs , CFP®, CLU®, ChFC®, CLTC, AIF®, a Financial Advisor with Centinel Financial Group , LLC, in Needham, MA, is the recipient of the inaugural 2023 NAIFA President’s Citation. Holzberg presented the citation to Sachs on November 14 at NAIFA’s Belong awards celebration at the Omni Shoreham in Washington, D.C. in front of over 300 NAIFA members.
Wealth Management
NOVEMBER 17, 2022
Reed Colley, chief executive officer and co-founder of Summit Wealth, discusses how advanced technology and improved platforms can better serve advisors and clients.
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